The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-12-22
What the SOlOns WreStled
With Wednesday.
PLUMB ANXIOUS TO DISCUSS
The Surplus in the Treasury-He
Doesn't Want a Holiday Recess
-OIher Notes,
FIFHIEPH CONGRESS-.
SENATE.


ti0ns, reported a resoIution directing
The Secretary OF State TO furnish copies
of ali correspondence with the Mexican
government since January, 1886, re-
specting the We'll and Lsabra claims /;
also to state what amount has been paid
by Mexico under the convention for the
Reimbursement of claims to the amount
distributed, amount undistributed. and
reasons for withholding the game.
Adopted.
The resolution offered yesterday, by
Butler, for the appointment of select
commit e of FIVE to investigate the con-
dition OF The five civilized tribes of In
dians, was adopted.
Allison called up the holiday recess
resolution. and moved for its adoption.
Plumb thought there was no reason
that Congress should adjourn
for the holidays. He referred to
Hughes resolution that Congress
should not adjourn until some
disposition of tue treasury surplus was
made, anu said be didn't agree with
the Presidents stafement that the res
possibility of nou-action in the matter
of the surplus would rest with Congress.
The pTi uary responsibility for the con-
dition of the Treasury rested with the
President, VINO totally disregarded tn
Law which required him to spend the
surplus to pay off the national debt.
The President in his message omitted
TO state that The last Congress passed a
law requiring him, afhrmatIveiy, TO
pay 600 O0U per month in hquid4-
hon of the pubic debt. and
that the president had put that bill in
his pocket. thus preventing its beCOm-
ing law. The secretary of he Treasury
was, tod V, depOsiring $40 600 600 al
legged surplus with national banks, 10
be loaned to people at such rates as
their C. ssity might cOmp'l them to
pay. Bonds of the United States could
De purchased at rae which would
yield 2X per cent, and yet, instead of
using part of this surplus for that pur-
20 Sc, it was given 10 national banks to
be used for their profit. The Presi-
dent had forgotten that thu river
and harbor bill, whicn Appropriated
S14 0,OO0, had failed, not because OF
any lack of action by Congress; the de-
ficienGy bill covering over So 100 900,
had also failed last session. because of
the neglect of Democratic majority in
the House of representatives, and
these two sums would have made g.
very comfortable addition to the cur
rent funds of the people a. this juno
ture He Plumb never did agree with
tbs Republican policy OF the Treasury
Department, but that policy was
uDduly Influenced by New York
banks. Just as fast as there was
a surplus OF $40, 600, 600 in the Treasury,
under a Republican adm niStration, it
had been put out IN discharge of the
obligations of the United states. I
never had been paid out aftercOnsulta-
ton with officers of the New York
banks. The trouble with the present
administration was that il had no eye
to ANYTHING except what related 70 the
banking inIere OF New York City. He
presumed the adj urnment resolution
would pass, but believed it would not
be with fair regard to the public inter
ests.
Beck said such recess was usual and
he didn't see why the Senate should
90 into discussion OF the Presidents
policy, when they had all next year
before them; but there were some
things which had been overlooked Oy
the Senator from Kansas. he had not
told the country that the policy Of the
Republican party, by imposing and
maintaining unTeasOnably high TAXA
ton, had produced the Treasury sur
plus, and that the same par Y was
determined to hold it there. to waste
il in such schemes as the Republicans
might desire. The Senator had not told
the country that the Republican party
hsd so adjusted the debts of the United
States that they could not be paid with
~
ton into the Treasury, unless such
premiums were psid TO bond-holders
as they might demand. The policy of
the payment of $25 600 eco of debt till
1881, and of S74 000.O 600 till 1897. The
President had paid every doll T of the
per cent. bonds that were payable,
without paying the premium which
bond holders might see fit to ask. The
Democratic party, headed by the
President, was endesVoring to reduce
taxes SO that so large q surplus should
not come into the Treasury. All that
the President had said was that it was
not pro er thing for the Secretary of
the Treasury to pay $50 or
$50 for every SlOO of the public
debt. and that it was the duty of Con-
gress to reduce the taxation of the
people TO pointthat there would not
be surplus.
Dolph argued that il proper appro-
priations were made for rivers and hsr-
bors, public buildings, coast line forri-
ficsnons, dependent pensioners en-
enlargement of American commerce
and the Nicaraguan canal there would
5e ne surplus IN the treasury. and he
thought that such policy was to be
r,-.fnrrah "a O rod rpfInr, ~
Vest said in reference 10 what
ne called Dolph's so.citude for
building up an American marine
that there was bill pending
liz behalf of the Red Star line of steam
ships from the PhIIadelp hia line. owned
entirely by American citizens, giving
the pr vilege of sailing sixteen steam
ships under the American hag, in order
IN carrK il 10 foreign pOrts and thai